The management have, and continue to develop, a package of assets which form a sound base from which to expand both the asset portfolio and the business activity.
WEL believe renewable generation is an important strategic area of development.
In an expansion of its interests in renewable energy WEL is developing a number of sites for the generation of electricity from renewable fuels using direct combustion and advanced conversion technologies (ACTS).
WEL successfully created the 90MW Barrow and 300MW Thanet Offshore Wind farms and obtained all consents required for both projects. It completed the necessary engineering studies and selected the contractors before disposing of both schemes in 2003 and 2007 respectively. The Barrow and Thanet project are now in operation.
WEL also developed the Dudgeon Offshore Wind project. Dudgeon will produce up to 560MW and may be developed by 2016. WEL disposed of this project in late 2012 having completed much of the consenting and design work.
In parallel with renewable energy activity the company successfully completed the consents and engineering process for turning the depleted gas field at Caythorpe into a gas storage project, which will add an equivalent of 5% to the UK's current gas storage portfolio.